"Uncertainty around Brexit and what it will mean for the housing market and interest rates means five-year fixed rates are becoming more popular."
The five-year rate reductions are effective from today and sit alongside a repricing of the Tiers 7-9 range which are increasing by 0.25%.
The Mortgage Lender sales and marketing director, Pete Thomson, said: “Uncertainty around Brexit and what it will mean for the housing market and interest rates means five-year fixed rates are becoming more popular. Reducing our rates makes us more competitive in this segment of the market and will help brokers source competitively priced products for people who don’t traditionally fit the high street.”
Last week The Mortgage Lender launched its Premier Panel of specialist distributors who benefit from exclusive service arrangements and enhanced product terms.
